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<TYPE>EX-99.77O
<SEQUENCE>2
<FILENAME>c49158_ex99-77o.txt
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                                                                  Exhibit 99.77o

                                   FORM 10f-3

                              THE BLACKROCK FUNDS

                         RECORD OF SECURITIES PURCHASED
                    UNDER THE TRUST'S RULE 10f-3 PROCEDURES

1.       Name of Purchasing Portfolio: BlackRock National Municipal Fund
(BR-NATL), BlackRock MuniYield California Fund, Inc. (MYC), BlackRock
Intermediate Municipal Find (BR-INTMUNI), BlackRock Muni Intermediate Duration
Fund, Inc. (MUI), The BlackRock California Investment Quality Municipal Trust
(RAA), BlackRock California Municipal Income Trust (BFZ), BlackRock California
Municipal Income Trust II (BCL), BlackRock California Municipal Bond Trust
(BZA), BlackRock AMT-Free Municipal Bond Portfolio (BR-MUNI), BlackRock Florida
Municipal Bond Fund (BR-FL), BlackRock MuniYield Florida Fund, Inc. (MYF), The
BlackRock Florida Investment Quality Municipal Trust (RFA), BlackRock Apex
Municipal Fund, Inc. (APX), BlackRock MuniAssets Fund, Inc. (MUA), BlackRock
MuniYield Fund, Inc. (MYD), BlackRock High Yield Municipal Fund (BR-HYMUNI),
BlackRock MuniHoldings Fund, Inc. (MHD), BlackRock MuniHoldings Fund II, Inc.
(MUH), BlackRock Investment Quality Municipal Trust (BKN), BlackRock Strategic
Municipal Trust (BSD), BlackRock MuniVest Fund, Inc. (MVF), BlackRock MuniVest
Fund II, Inc. (MVT), Taurus Municipal Bond Fund (TAURUS)


2.       Issuer: Golden State Tobacco

3.       Date of Purchase: March 8, 2007

4.       Underwriter from whom purchased: Bear Stearns

5.       Name of Affiliated Underwriter (as defined in the Trust's procedures)
         managing of participating in syndicate:
         Merrill Lynch

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6.       Aggregate principal amount of purchased (our of total offering):
         $58,000,000 out of $4,446,826,391.

7.       Aggregate principal amount purchased by funds advised by BlackRock and
         any purchases by other accounts with respect to which BlackRock has
         investment discretion (our of the total offering):
         $58,000,000 out of $4,446,826,391.

8.       Purchase price (net of fees and expenses): 103.952 in 2015,
         103.96 in 2016, 104.387 of 5.75 in 2047, 97.58 of 5.125 in 2047

9.       Date offering commenced: March 8, 2007

10.      Offering price at end of first day on which any sales were made:
         103.952 in 2015, 103.96 in 2016, 104.387 of 5.75 in 2047,
         97.58 of 5.125 in 2047

11.      Have the following conditions been satisfied:               Yes    No
                                                                     ---    --

         a.       The securities are part of an issue registered
                  under the Securities Act of 1933, as amended,
                  which is being offered to the public, OR are
                  Eligible Municipal Securites, OR are securites
                  sold in an Eligible Foreign Offering OR are
                  securities sold in an Eligible Rule 144A
                  Offering OR part of an issue of government
                  securities.                                         X
                                                                    -----  -----

         b.       The securities were purchase prior to the end
                  of the first day on which any sales were made,
                  at a price that was not more than the price
                  paid by each other purchaser of securities in
                  that offering or in any concurrent offering of
                  the securities (except, in the case of an
                  Eligible Foreign Offering, for any rights to
                  purchase required by laws to be granted to
                  existing security holders of the Issuer) OR, if
                  a rights offering, the

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                  securities were purchased on or before the
                  fourth day preceding the day on which the righs
                  offering terminated.                                X
                                                                    -----  -----

         c.       The underwriting was a firm commitment
                  underwriting.                                       X
                                                                    -----  -----

         d.       The commission, spread or profit was reasonable
                  and fair in relation to that being received by
                  others for underwriting similar securites
                  during the same period.                             X
                                                                    -----  -----

         e.       In respect of any securities other than
                  Eligible Municipal Securities, the issuer of
                  such securities has been in continuous
                  operation for not less than three years
                  (including the operations of predecessors).         X
                                                                    -----  -----

         f.       Has the affiliated underwriter confirmed that
                  it will not receive any direct or indirect
                  benefit as a result of BlackRock's
                  participation in the offering?                      X
                                                                    -----  -----






Completed by:       Janinie Bianchino                         Date:    3/23/07
             ---------------------------------------------           -----------

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